Remedy Entertainment has recently announced that they have signed a global development, license, and distribution agreement with Tencent for their new cooperative multiplayer game codenamed Vanguard.
Tencent will license and distribute Vanguard in “selected Asian markets.” It will also co-finance the game, share revenue after development costs, and also create a mobile version of the game that it will develop and publish separately.
“Vanguard”, Remedy’s original intellectual property, is a free-to-play, co-op PvE shooter that combines Remedy’s narrative expertise and action gameplay into an immersive multiplayer experience. It is currently being developed using the Unreal Engine for PC and console platforms.
Remedy will develop and publish the game worldwide, excluding selected Asian markets, where Tencent will localize and publish the game. As far as we know, Vanguard’s development is still in the proof-of-concept phase. Meaning we won’t hear anything more concrete until much later.
Remedy has also licensed Tencent worldwide rights to develop and publish a mobile version of the game. For its part, Tencent will cover the costs for developing and publishing the mobile version.
Both parties have agreed on a separate revenue sharing scheme.
Tero Virtala, CEO of Remedy Entertainment, comments “Vanguard marks Remedy’s first entry into Games-as-a-Service business model, executed by our top tier team of free-to-play experts. We are building something new and exciting for co-operative multiplayer space, on top of Remedy’s strengths. Expanding our capabilities to take on publishing responsibilities is the next step in the development of our company.”
“We are excited for this long-term partnership with Tencent and with confidence can say that it is an excellent fit in supporting Vanguard’s ambitious plans. Vanguard is a global opportunity, and Tencent can support Remedy internationally, and lead the operations in Asia and the mobile markets.”